Britannia Radio

Tony Blair earned £20m in just one year advising business bosses and foreign governments: Mr Blair runs a business consultancy, Tony Blair Associates, which has deals with the governments of Kuwait and Kazakhstan.

BofA Fined $2.8 Million for Overbilling 95,000 Accounts: Bank of America Corp.’s Merrill Lynch wealth-management unit was fined $2.8 million by the Financial Industry Regulatory Authority for overbilling customers by $32.2 million over an eight-year period.

77% of JP Morgan’s Net Income Comes from Government Subsidies: JPMorgan receives a government subsidy worth about $14 billion a year, according to research published by the International Monetary Fundand our own analysis of bank balance sheets. The money helps the bank pay big salaries and bonuses.

The Sharp, Sudden Decline of America's Middle Class: They had good, stable jobs - until the recession hit. Now they're living out of their cars in parking lots.

Unemployment benefits whittled down: Although Congress reauthorized federal emergency unemployment benefits earlier this year, lawmakers reduced the weeks the jobless can collect payments. The cutbacks come in two phases -- one now and another in September. This round affects the jobless in at least 24 states, while all Americans will be affected in the fall.

US consumer spending and wages flat in May: Americans cut back spending on cars and other long-lasting manufactured goods, even though they paid less for gas.

America Sets a New Record for Old Cars: The average age of the 245 million vehicles registered in the U.S. in the first quarter of this year was 11 years.